Share via

Emerging market economies only have a narrow window for the reforms needed to survive the US Federal Reserve scaling back its $85 billion-a-month bond-buying programme, according to the head of the World Bank.

On the opening day of the World Bank and International Monetary Fund annual meetings in Washington DC yesterday, Jim Yong Kim said that the world was entering uncharted territory.

“When we talk about monetary easing it has been remarked that we are in an era that we have never been in before. Tapering is another area we have never been in before,” he said.